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USDCAD TECHS

Needle Still Points South

US TSYS

Yields Bounce as Equities Make New Monthly Highs

AUDUSD TECHS

Heading North

EURJPY TECHS

Bull Rally Accelerates

COLOMBIA

Economists Survey Raises 2021 CPI Forecast To 4.9%

MEXICO

Citi on Mexico mid-terms:

  • Following preliminary results, Morena seems to have underperformed according to expectations, especially in the lower chamber election.
  • Even in the most optimistic scenario estimated by INE, the Morena-led coalition would garner 58% of seats, lower than the 66% they currently hold.
  • At the state level, Morena seems to have performed relatively better. At the time of writing, the Morena-led coalition would probably win 11 states based on "quick counts".
  • Out of about 93 million registered voters, the electoral authority estimated that about 52% may have shown up to vote, a significantly higher figure relative to the historical average of about 45% for mid-term elections.
  • FX remains stable and things are likely to stay that way even if some results seem highly contested.
MNI London Bureau | +44 020 3983 7893 | jack.lewis@marketnews.com
MNI London Bureau | +44 020 3983 7893 | jack.lewis@marketnews.com